Scotiabank Has Positive Estimate for RCI FY2026 Earnings

Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B - Investment analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for Rogers Communication in a report released on Tuesday, July 15th. Scotiabank analyst M. Yaghi now anticipates that the Wireless communications provider will earn $3.53 per share for the year, up from their previous forecast of $3.49. Scotiabank currently has a "Sector Perform" rating on the stock. The consensus estimate for Rogers Communication's current full-year earnings is $3.57 per share.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.02). The firm had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.99 earnings per share.

Other research analysts have also recently issued reports about the company. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Canaccord Genuity Group upgraded Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $67.00.

Rogers Communication Stock Down 0.5%

NYSE:RCI traded down $0.18 on Friday, hitting $32.93. 1,562,001 shares of the company's stock were exchanged, compared to its average volume of 1,110,529. The firm has a 50-day moving average price of $28.54 and a 200-day moving average price of $27.72. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94. Rogers Communication has a 52 week low of $23.18 and a 52 week high of $41.84. The company has a market cap of $17.72 billion, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 1.81 and a beta of 0.76.

Institutional Trading of Rogers Communication

Hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC lifted its holdings in Rogers Communication by 6.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 5,461 shares of the Wireless communications provider's stock worth $162,000 after purchasing an additional 330 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Rogers Communication by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock worth $436,000 after purchasing an additional 571 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in Rogers Communication by 0.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 218,308 shares of the Wireless communications provider's stock worth $6,708,000 after purchasing an additional 720 shares during the last quarter. SBI Securities Co. Ltd. lifted its holdings in Rogers Communication by 885.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 850 shares during the last quarter. Finally, JTC Employer Solutions Trustee Ltd lifted its holdings in Rogers Communication by 1.2% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider's stock worth $2,755,000 after purchasing an additional 1,180 shares during the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communication Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th were given a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.39%. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 9th. Rogers Communication's dividend payout ratio (DPR) is presently 62.66%.

About Rogers Communication

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.